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what is Sundary Debtor and sundary creditor.
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Answer / shilpa
Sundary Debtor : who owes money to business
Sundary creditors : business owes money
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / venkatreddy
sundry debtors current assets
sunry creditors current libalites
| Is This Answer Correct ? | 11 Yes | 0 No |
Sundry debtor is current asset of the company & Sundry
creditor is the current liability of the company. When the
Goods are sold on the credit basis, the party to whom the
sales are made they are treated as sundry debtors. And when
we purchased the goods from the Supplier on credit basis
then the supplier will become Sundry creditor.
Ex: A sold goods to B on credit basis. Here in this
transaction " A "becomes sundry Creditor to " B ",
and "B "becomes sundry debtor to "A".
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / mohit tomar
Sundry Debtor is that whom we credit sold of goods & they are current assets for company, and Sundry Creditor is that from whom we purchase goods on credit, & they are current liability for company..
| Is This Answer Correct ? | 1 Yes | 1 No |
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